Brent crude futures rose more than 2% on Monday, April 27, 2026, reaching a three-week high of $107.97 per barrel, according to market data. The increase was driven by ongoing supply concerns and geopolitical tensions, though specific catalysts were not immediately confirmed.
As of the latest trading, Brent crude was at $107.79, reflecting a slight pullback from the intraday peak. The rise in oil prices has raised concerns about potential increases in petrol costs for consumers, though analysts note that retail prices may not immediately reflect wholesale changes.
Meanwhile, Australian stock futures indicated a flat opening for the ASX 200 on Tuesday, with SPI futures down 0.1% in early trading. The market is expected to be cautious amid mixed global cues and the oil price volatility.
Investors are watching for further developments in energy markets and central bank policy signals that could influence trading sessions in the coming days.
